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Market Overview

– Prices have not yet returned to the more familiar & historical levels we saw for many years, & this looks likely to occur sometime over the second half of 2018, by which time the “pipelines” should be replenished to meet demand.

– On a recent trip to California, we were advised that new crop is developing well and unless there is a repeat of another crazy hot summer / late rains, they would hope to see a crop back to 300,000 short tons (270,000mts) which would be an increase of 90,000mts on this poor year.